Eureka Report announces joint venture with Clime Asset Management

News Limited’s Eureka Report has announced a new joint venture with Clime Asset Management to offer investors tools to track the performance of Australian shares.

Under the, as yet unnamed joint venture, investors will offer investors stock valuation and research solutions using Clime’s methodology of evaluating and assessing company value and also the Eureka Report’s investment commentary.

“We are delighted to be partnering with one of the market leaders in valuing stocks to enhance our offer with this logical extension into investor tools and research products,” said Eureka Report founder and editor-in-chief Alan Kohler.

”This is a great example of us responding to what customers want. All our research told us that while subscribers loved the Eureka Report, they also wanted even deeper insights into stock valuation, underpinned by a proven methodology. This is what the joint venture will deliver in spades,” said general manager of Eureka Report James Leplaw.

Clime chief investment officer and founder John Abernethy said he welcome the joint venture. “We have always been focused on transparency and giving investors the choice of using our tools to assess the value of shares for themselves. They come to us to help manage their money for them. Eureka Report is a great business. Together with broader News Limited assets they bring a highly engaged, quality audience to engage the solutions we will develop together,” he said.

The venture will launch towards the end of the financial year.

News Limited bought Eureka Report in June.


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